Nike stock (NKE) climbs after CEO Elliott Hill buys $1 million in shares
Nike shares rose 4.2% to $63.71 after a filing showed CEO Elliott Hill bought 16,388 shares for about $1 million. Chairman Emeritus Phil Knight received 4.5 million convertible shares in a distribution from an affiliated entity. Trading volume reached 35.5 million shares, with prices ranging from $61.96 to $64.19.